As president of City National Bank, Richard A. Raffetto works closely with clients across all of the company’s various lines of business. Rich directly oversees Commercial & Corporate Banking and Banking & Wealth Management, which include coverage of specialty banking, commercial banking, corporate banking, real estate banking, private banking, and personal and small business banking clients. In addition, Rich has oversight of City National’s commercial and personal product groups, including treasury management, payment card services, leasing, trust, asset management, brokerage and capital markets services.

Rich is a member of City National’s board of directors as well as the company’s Operating Committee and Executive Council. He is also a member of the board of directors of RBC U.S. Holdings LLC, which encompasses all of the U.S. business units of Royal Bank of Canada. Rich reports to Chief Executive Officer Kelly Coffey.

Before joining City National, Rich held various leadership roles during 13 years with U.S. Bank’s Corporate & Commercial Banking group. He most recently served as executive vice president and head of the Industrials & Services, Financial Institutions and Public Sector specialized banking units on a nationwide basis, including teams in Los Angeles, New York and San Francisco. Prior to U.S. Bank, Rich served in a variety of commercial and corporate banking leadership roles at BNY Mellon, where he worked for 14 years.

Rich graduated from the University of Pennsylvania’s Wharton School with a degree in economics and finance. He also earned a master’s degree in business administration from New York University’s Stern School of Business. He holds FINRA Series 7, 63 and 24 securities licenses.

Rich is active in the community and serves on the board of the United Way of Greater Los Angeles, the Los Angeles Philharmonic and Peoples’ Symphony Concerts in New York City.